Which of the Following Is False About the Assumptions That

question 113

Multiple Choice

Which of the following is false about the assumptions that economists make about utility?

• A)Utility can be used to rank alternative combinations of consumption.
• B)Consumers can be worse off with too much of a good.
• C)Utility levels cannot be used to compare consumer preferences of different people.
• D)Marginal utility increases at a decreasing rate.
• E)The units used to measure utility do not matter.

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Definitions:

Knee

The joint between the thigh and the lower leg, consisting of the femur, tibia, and patella.

Patella

The kneecap.

Phalanges

Bones of the fingers and toes.

Fingers And Toes

The digits of the hands and feet in humans and other primates.